About Malla Reddy - Promoter of Innovative Constructions (Bangalore and Hyderabad)
Q: Hi Owners@ Innovative Cosmo group, I've booked a flat booked at new property coming up at marathalli by Innovative constructions. For this, I googled and found some past history about builder or promoter (Mr Malla Reddy) committing some nuisance in Hyderabad after absorbing 70% of flat cost. My questions: 1) Did you guys ever had a problem with this builder on money front? 2) Any issues encountered on promised and actual construction gap? 3) Any construction quality issue...like electrical switches/ sanitary ware quality?
I am interested in buying a flat in Aqua front..Can someone help me understand if this project will get an OC? Does Innovative petals have an OC? Thanks, Madhukar
The price of a 2bhk apartment will cost you around Rs 59 lakhs. As per my knowledge, the project is aroudn 7 years old and it is having A Khata and BBMP approvals.
@Piyush - You have posted about a different Malla Reddy who runs another construction company and details are not true about the owner of Innovative Constructions. Details are at http://churumuri.wordpress.com/2006/05/25/if-you-are-buying-a-flat-in-bangalore-watch-out/
I think you are right. Its been around 1.5 yrs since I booked my flat with Innovative Constructions, and I have not run into any issue with Mr.Malla Reddy. Infact, I'm residing at the flat now.
Hi Piyush/Nitin/Jai, I am about to book a flat in Innovative Petal @ Marathahalli. I have few queries: 1. Any legal issues with property ? 2. How is developer (in terms of quality, alteration request, material, deliverable) ? 3. Any issues in taking a home loan with national Bank ? Any feedback will be highly appreciated. My mail-id is jaing08@gmail.com.
1) Haven't found any legal issues with this property. Its for your information, that I did not got my papers checked through lawyer, but I believed other members who bought flats in Petals and got it checked through lawyer.
2) Officially developer is not a member of any real estate forum, neither is he considered in A++ or A category builder. But on my personal visits to his completed projects, I found the quality as 'OK'.
Hi Piyush/Nitin/Jai, I just checked this project and interested in the same. Would like to talk to you guys to get some information. Please help me by replying to my mail prathaprj@yahoo.com. Your help will be highly appreciated!. Thanks Prathap
Even iam planning to buy in innovative petal in marathahalli,would like to know what is the per Sq ft rate which was offered to you,also what is the completion date for A and D block.can you give me your number so that we can discuss regarding the construction or else send me your number on findnitin007@gmail.com
Piyush , Nitin I am also about to book in Innovative Petal behind Total Mall.. can we discuss soem details/findings over email ? My email id is ratan.gmp@gmail.com